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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: Chas. who wrote (545)1/29/2003 9:03:23 AM
From: Famularo  Read Replies (2) of 16206
 
Ashton Mining of Canada Inc.: 37th Kimberlite Discovered
on Buffalo Hills Property in Alberta

VANCOUVER, BRITISH COLUMBIA--Robert T. Boyd, President and CEO of
Ashton Mining of Canada Inc. ("Ashton") is pleased to report that
the first target drilled during the current winter program on the
Buffalo Hills property in north-central Alberta has thus far
returned five metres of highly altered kimberlite.

Located approximately 18 km southwest of the K252 kimberlite, the
target is represented by a strong electromagnetic anomaly with
approximate surface dimensions of 400 m x 400 m. The discovery
was made when a vertical drill hole intersected 30 metres of
glacial overburden underlain by 24 metres of mudstone before
intersecting kimberlite at a depth of 54 metres. At the time of
preparation of this news release, the drill had reached 59 metres
and was still in kimberlite.

Designated K296, this body constitutes the 37th discovery that
the Alberta joint venture has made on the Buffalo Hills property.
Once drilling is completed at this location, the program will
advance to other geophysical targets located on the property.
Ashton will provide a final update on the Buffalo Hills winter
drill program upon completion of field activities in late
February or early March.

The joint venturers on the Buffalo Hills property and their
approximate beneficial interests are Ashton (ACA.TSX) 45 percent,
Pure Gold Minerals Inc. (PUG.TSX) 10 percent, and EnCana
Corporation (ECA.TSX), 45 percent.

Ashton is the operator of the exploration programs and Brooke
Clements, Professional Geologist and Ashton's Vice President,
Exploration, is responsible for their design and conduct and the
verification and quality assurance of analytical results.
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